A newly created fund for Rider University students facing unexpected financial burdens has exceeded more than $2 million in gifts since its establishment by President John R. Loyack in late October.
The Presidential Hope Fund has 100% participation from the board of trustees and Loyack’s senior leadership team and provides immediate financial support for students whose education may be at risk because of unforeseen financial difficulties or family hardship.
To launch the initiative, Loyack personally pledged $150,000 over the next three years. The university set an initial three-year goal to raise at least $1 million to support students through the Presidential Hope Fund. In less than a week, the initiative surpassed that goal, generating more than $1.1 million in commitments since its announcement to university leadership and trustees.
The fund exemplifies Rider’s commitment to holistic student success by removing short-term financial roadblocks that could jeopardize students’ academic progress toward graduation.
“Through the Presidential Hope Fund, the Rider community is coming together to ensure that no Bronc is left behind when they face a temporary setback,” says Loyack. “Whether it’s support for books and class materials because a student lost their part-time job or assistance to pay an unexpected medical bill — the fund is meant to address a variety of circumstances and needs.”
Funding will be available beginning in the spring 2026 semester.
